"In the interest of full disclosure my firm owns certain of the Jr. preferred securities issued by Fannie and Freddie. These securities are only entitled to a recovery if the government is repaid in full on its investments. The merits of my proposal for ending the conservatorship, however, does not rise on whether those securities are entitled to a recovery. The primary objective of the proposal is..."
"We want Fannie and Freddie to become a private guarantor to re-insure..."
Freddie will have no problems paying back the IN FULL the government. It will be done in dramatic fashion as the housing market recovers and the sweep. Its all a waiting game from here on...go figure...devil